Steering A Financial Firm Through A Crisis: Lessons Learnt
Seminar
Background:
Charles Thomson became Chief Executive of Equitable Life in March 2001 when the mutual was close to collapsing. He has been key to creating stability which, at its peak, was a £26 billion business with 1.5 million policyholders. Equitable fell dramatically from grace after being unable to pay guaranteed annuities and was forced to close to new business in December 2000, resulting in up a million policyholders losing up to half of their savings. Since Charles took over, he has successfully lobbied for compensation to be paid by the government for losses, and sold key parts of the business to Canada Life and the Prudential. Having achieved his goals of stabilising the business, he left in 2009 and now runs his own advisory firm. Charles is the perfect person to advise us on how to steer a financial firm through a crisis.
Date
Monday, 20 February 2012
Time
18:00 GMT
Cost
Free
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Speaker(s):
-
Charles Thomson
CEO
Equitable Life 2001-2009 and previously Scottish Widows
Location
IoD hub, City of London
New Broad Street House, 35 New Broad Street
London
EC2M 1NH